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Could MercadoLibre Be the Next Amazon?

TheMotleyFool 
0 0 31.01.24
Could MercadoLibre Be the Next Amazon?Photo, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

MercadoLibre (NASDAQ: MELI) and Amazon (NASDAQ: AMZN) are two of the best-performing stocks of the last decade.

Both have benefited from strong tailwinds in e-commerce to dominate their respective geographies. For MercadoLibre that's Latin America, and for Amazon its North America and Europe. The chart below shows how the two stocks have performed over the last decade.

MELI Chart

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Source Fool.com

Mercadolibre Inc Stock

€1,574.0
-0.910%
Mercadolibre Inc shows a slight decrease today, losing -€14.400 (-0.910%) compared to yesterday.
The stock is an absolute favorite of our community with 36 Buy predictions and no Sell predictions.
With a target price of 2294 € there is a positive potential of 45.74% for Mercadolibre Inc compared to the current price of 1574.0 €.
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